@Patrick J.There're three possible interpretations of your question.1.

Before this gets interpreted as terrible advise, the big caveat here is I have a white collar W2 job and reserves to cover a storm. 

It really is going to be a rough go in the near future to see how the clause is going to get interpreted and to what extent is it going to be allowed to used for just cause.

Your interpretation of the bill is incorrect. 

Here're a few articles to give you additional guidance:https://www.biggerpockets.com/member-blogs/10850/86626-the-pros-and-cons-of-investing-via-real-estate-syndicationhttps://www.biggerpockets.com/member-blogs/10850/87614-interpreting-the-private-placement-memorandum-ppmhttps://www.biggerpockets.com/member-blogs/10850/84894-where-can-i-find-investors

@Eammon you're over interpreting.

But we shall see how the banks will interpret the rules.Landlords should apply for the EIDL loan, not the PPP grant.

They are reporting what's occurring according to their interpretation.

The judicial is supposed to interpret law, but they have been legislating on their cases too.

As such, I interpret this that if you receive a PPP loan, but the loan is not forgiven, you qualify for this relief.